23 December 2016
The CLT can now apply for a grant for the feasibility work, and also (through its HA-partner) access capital grant to pay for rented housing. The Government has recently announced a funding stream of £60m per annum for supporting groups like the Upper Coly Valley CLT and this is being distributed through local authorities. EDDC have received a substantial allocation. The fund is very flexible. The current proposal is that WCLTP will be a conduit for groups to access the funding from EDDC. This is good timing for Upper Coly Valley CLT and would remove the necessity for building open market homes in order to cross subsidise affordable homes. For more details on the governments funding announcement click here.